Rising demand for organic personal care products along with formulation development for specific consumer group is expected to create new market avenues for cultivators and producers of jojoba oil.Major cosmetic manufacturers such as JE International, L’Oreal S.A, and Ole Henriksen are undertaking extensive research & development for innovation of jojoba oil-based formulations. The increasing penetration of jojoba oil in cosmetic products including lipsticks, shampoos & conditioners, and skin creams & moisturizers is expected to be a major factor in promoting growth. The various abilities of the ingredient such as acting as an emollient and moisturizer and prevention of aging skin have resulted in increased penetration of jojoba oil in the overall cosmetic market.
The report “Jojoba Oil Market Analysis By Application (Cosmetics, Pharmaceutical, Industrial) And Segment Forecasts To 2024” is available now at http://www.radiantinsights.com/research/jojoba-oil-market
Declining use of various harmful chemicals such as aluminum salts, phthalates, and parabens coupled with dedicated efforts from several multinational corporations for shifting towards sustainable products has contributed towards the increase in consumption of organic personal care products. Cosmetics containing natural ingredients such as aloe vera, tea extract, lime, jojoba oil, and black sugar are expected to gain consumer importance over the next seven years.
Browse All Reports of This Category @ http://www.radiantinsights.com/catalog/personal-care
Further key findings from the report suggest
• Cosmetics will witness the fastest volume growth at a CAGR of 5.5% from 2016 to 2024 as a result of rising awareness about organic and natural products and preference towards such products in cosmetics and personal care. Also, increasing consumer awareness regarding grooming is expected to propel market growth further over the forecast period.
• North America jojoba oil market was valued at USD 58.1 million in 2015 and will show significant rise owing to increasing penetration of the oil in various organic skin care products. The increasing significance of natural ingredients including vegetable oils, herbs, and fruits in various skin care products which possess anti-ageing properties is expected to fuel demand. Growing importance of natural ingredients in providing hair fall control, dandruff protection, and a shining effect is projected to have a positive impact.
Request a Free Sample Copy of this Report @ http://www.radiantinsights.com/research/jojoba-oil-market/request-sample
• Asia Pacific will witness significant revenue growth at a CAGR of 7.1% from 2016 to 2024 on account of rising demand from Japan and other Southeast Asian countries. The growth of the male grooming industry, particularly in emerging economies of the region, is expected to fuel demand over the forecast period.
• Key participants include Purcell Jojoba International, Eco Oil Argentina SA, Egyptian Natural Oil Co, Inca Oil SA and The Jojoba Company. Some of the major users of jojoba oil include Innocosma, Skinfood Co. Ltd, Ole Henriksen, and Primavera Life.
Read more related reports by Radiant Insights:
• Injectable Drug Delivery Market
• Intelligent Building Automation Technologies Market
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Company Name: Radiant Insights, Inc.
Contact Person: Michelle Thoras, Corporate Sales Specialist – USA
Email: Send Email
Phone: (415) 349-0054, Toll Free: 1-888-202-9519
Address:28 2nd Street, Suite 3036
City: San Francisco
Country: United States